Bank of China (Hong Kong) to redeem $3 billion tier 1 bonds on Sept. 14

By Mary-Katherine Stinson

Lexington, Ky., Aug. 11 – Bank of China (Hong Kong) Ltd. will redeem in full its $3 billion outstanding undated noncumulative subordinated additional tier 1 capital securities on the first call date of Sept. 14, according to a notice.

The securities will be redeemed at par and accrued interest will also be paid.

The bonds were issued Sept. 14, 2018 under the bank’s $15 billion medium-term note program.

After redemption, no securities will remain outstanding.

The securities will be delisted from the Singapore Exchange.

Bank of China is based in Beijing.

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